Traders enter Tuesday, June 23, 2026, with a number of headline economic releases that could influence market positioning and sentiment. The calendar centers on the Services and Manufacturing PMIs, readings that offer timely snapshots of private-sector activity. In parallel, the American Petroleum Institute's weekly crude stock report will shed light on recent movements in US oil inventories, while a two-year Treasury note auction will reveal investor appetite for short-dated government debt.
Macro data to watch
The Services PMI and Manufacturing PMI are the marquee releases for the morning trading session. Both are scheduled for 8:45 AM ET. The Services PMI carries a forecast of 51.0 against a prior reading of 50.7. As a reminder, this index is compiled from surveys of more than 400 private-sector service company executives and uses a 50 threshold to distinguish expansion from contraction.
The Manufacturing PMI is also due at 8:45 AM ET, with a forecast of 54.6 and a previous reading of 55.1. Like the services gauge, this manufacturing metric is a forward-looking survey of purchasing managers that investors monitor as an indicator of broader economic momentum.
Additional scheduled releases
- 7:15 AM ET - ADP Employment Change Weekly: Previous 25.50K. This four-week moving average captures private-sector employment changes and is often watched as a near-term view of labor market trends.
- 8:45 AM ET - S&P Global Composite PMI: Previous 51.5. This combined private-sector indicator integrates data from manufacturing and services to provide an early snapshot of overall activity.
- 12:00 PM ET - 2-Year Note Auction: Previous 4.071%. The auction yield reflects investor demand for government debt and acts as a gauge of appetite for near-term Treasury issuance.
- 3:30 PM ET - API Weekly Crude Stock: Previous -8.330M. The American Petroleum Institute's weekly report lists changes in inventories of US crude oil, gasoline and distillates and is used by market participants to infer recent shifts in petroleum demand.
Other regional and sector-specific data are also on the schedule and may contribute to intraday market moves. At 7:55 AM ET the Redbook series, which is a sales-weighted index of same-store sales among large US general merchandise retailers, carries a previous reading of 9.4% year-over-year. At 9:00 AM ET, several Richmond Fed metrics are due: the Richmond Services Index with a prior reading of 14, Richmond Manufacturing Shipments previously at 16, and the Richmond Manufacturing Index with a forecast of 8 and a prior reading of 13. Finally, the US M2 Money Supply figure listed for 12:00 PM ET shows a previous value of 22.80T, covering components such as savings deposits, time deposits and retail money market mutual fund balances.
Why markets will pay attention
These data points represent concurrent reads on distinct corners of the economy. Services PMI and Manufacturing PMI readings speak directly to activity in the dominant private sectors of the economy. The API crude report offers a near-term signal on petroleum inventories and implied demand dynamics. The two-year Treasury auction yield, in turn, provides a market-based reflection of demand for government paper and can influence short-term rate expectations.
Given the clustering of these releases, investors and traders will likely be watching correlations across equity sectors, energy markets and fixed-income yields as the figures roll out through the day. For those seeking ongoing updates, the Economic Calendar is available here: https://www.investing.com/economic-calendar/.
Note: The schedule and the figures above reflect forecasts and prior readings as published for the releases on Tuesday, June 23, 2026.